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PUBLIC DEBT.
Under an Annex to the Convention of -1th June, 1878, between Great
"Britain and Turkey the former Power has undertaken to pay to the Porte annually
u sum representing the excess of Revenue over Expenditure calculated on the
average of the five vears preceding the date of the Convention, excluding the
produce of State and Crown lands let or sold during that period. The amount to
be paid has been determined ro be £87,686 per annum : tji is to be in addition to
4,166,220 okes of Salt to be paid in kind.
The sum of £118 ]ls. od. per annum has also become pavable, under
the *>ame Annex, since the 4th September, 1884, wheu the Cypi us Government
took over tlie administration of the Lighthouse Service in the Island. This sum
represents 2'2"
/0
of the receipts of the Ottoman Lighthouse Administration which
the Sublime Porte enjoyed under the concession granted the Companv lor
lighting the Coast of Cyprus.
Hy a further Agreement of 3rd Tebruray. 187i>, a further sum of £5,000 is
to be paid annually to the Porte in respect of the produce of State lands.
A sum of £8.000 to be provided for by a loan has been expended on
Irrigation, and £320 by way of interest and Sinking Fund is provided iu ilie
aunual Estimates.